Trade or Business Expenses and For-Profit Activity Deductions (Portfolio 505)

Description

Bloomberg Tax Portfolio, Trade or Business Expenses and For-Profit Activity Deductions, analyzes the deductions allowable for taxpayers carrying on a trade or business or a for-profit activity.

Specifically, the Portfolio provides an overview and an introduction to the terminology and substantive requirements of the statute or other provision that apply.

The analysis of the deductions begins with an exploration of the definitional aspects of trade or business and for-profit activity deductions. Following that discussion, the analysis focuses on specific types of trade or business and for-profit activity deductions. Deductions for expenditures that otherwise must be capitalized and deductions arising for specific types of trades or businesses complete the detailed analysis.

Table of Contents

I. Introduction
II. Trade or Business Deductions Generally
III. For-Profit Activity Deductions Generally
IV. Specific Types of Deductible Expenses
V. Expenditures Otherwise Capitalized
VI. Specific Situations
VII. §199 U.S. Domestic Production Activities Deduction